Construction Loan Documents

Samples of typical construction loan documents

Claim of Lien (Sample)

A Claim of Lien is a validly recorded claim against the property for payment of the unpaid balance due... Read more

Construction Draw Schedule

Construction Loan Disbursement Form... Read more

Construction Draw Schedule (Sample)

The residential construction loan draw schedule shows how the construction loan funds will be disbursed based on work completed.... Read more

Construction Loan Note Rider (SAMPLE)

Construction loan interest rates typically adjust during construction. This rider describes how those adjustments are made based on prime rate.... Read more

Construction Perm Mortgage Loan Description (Sample)

Mortgage lenders have internal descriptions of each type of loan they offer. These descriptions offer intense detail of the actual loan product.... Read more

Disbursement of Funds (Sample)

The Disbursement of Funds document outlines the procedures to be followed for construction loan draw requests.... Read more

Final Release of Liens (Sample)

Upon completion of construction and before final payment is made to the builder, the lender will require a final release of lien, which is sworn affidavit saying all sub contractors have been paid in full.... Read more

Note and Mortgage Modification Agreement

Mortgage can be modified as to terms and interest rates. Such modifications are often used to convert construction loans to permanent mortgage loans.... Read more

Notice of Contest of Lien

By following the law, the owner can make sure that all members of the construction team are paid in full while also protecting the property from liens.... Read more

Notice to Owner (Sample)

Once you receive a Notice to Owner from a sub contractor, your contractor must provide your lender with a "Release of Lien" before construction funds will be disbursed.... Read more